Uniparts IPO Red Flags!
Shares were given at Rs 52.5 -
- 1L shares were given to Mr. Jaswinder In Jan 2022 at 52 rs
- Fast forward 10 months, IPO price at 577, a neat 11x jump in 11 months
- Nothing happened in these 10 months
- Financials haven't done a quantum jump as well
Shares were given at Rs 52.5 -
- 1L shares were given to Mr. Jaswinder In Jan 2022 at 52 rs
- Fast forward 10 months, IPO price at 577, a neat 11x jump in 11 months
- Nothing happened in these 10 months
- Financials haven't done a quantum jump as well
Complete OFS -
- 1.45 cr/14.5 mn shares worth 836 cr, pure OFS, company gets no money
- 14.5 mn shares means Selling 32% of the company
- Everyone is going to make a good profit on the OFS as seen through their weighted avg cost
- 1.45 cr/14.5 mn shares worth 836 cr, pure OFS, company gets no money
- 14.5 mn shares means Selling 32% of the company
- Everyone is going to make a good profit on the OFS as seen through their weighted avg cost
- Many ESOPs also at 52.5 rs (but I believe that can be justified to retain talent, etc)
Won't be delving deeper into this IPO.
No reco strictly. Read the DRHP for more details.
Won't be delving deeper into this IPO.
No reco strictly. Read the DRHP for more details.
+ ESOPs have lock-in as well. So not a big fuss on that front.
Could be a genuine KMP retention tool.
Could be a genuine KMP retention tool.
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